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Top News & Analysis Texas


  • LinnCo prices IPO at $36.50 per share - underwriter Thursday, 11 Oct 2012 | 6:25 PM ET

    Oct 11- LinnCo LLC, an affiliate of oil and gas company Linn Energy LLC, priced its initial public offering at $36.50 each, raising about $1.10 billion, an underwriter said. LinnCo said it will use the proceeds to buy as many units from Linn Energy as the number of shares it sold in the IPO. Linn Energy, in turn, intends to use the proceeds to repay debt.

  • KBR gets Army logistics contract Thursday, 11 Oct 2012 | 6:14 PM ET

    HOUSTON-- Defense contractor KBR Inc. said Thursday that it has been picked as one of the main contractors on a project that gets Army equipment ready for deployment. KBR said that as the prime contractor, it will be able to bid on individual task orders from the Army.

  • Vice President Joe Biden to deliver a feisty performance Thursday evening during a high-stakes debate against Republican challenger Paul Ryan and seize back momentum in the race for the White House.

  • United Airlines retreats, drops airfare increase Thursday, 11 Oct 2012 | 6:11 PM ET

    United Airlines said Thursday that it rolled back an increase of $4 to $10 per round trip on many U.S. routes. Delta Air Lines, which had matched the price hike that United started on Tuesday night, dropped prices back earlier Thursday.

  • CENTENNIAL, Colo., Oct 11- Attorneys for accused Colorado gunman James Holmes on Thursday proposed postponing a preliminary hearing on the merits of the case against him, likely until next year, while complaining that media meddling was delaying their work.

  • NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

  • Is Penney breaking its 'no coupon' promise? Thursday, 11 Oct 2012 | 5:52 PM ET

    NEW YORK-- Is J.C. Penney breaking its promise to offer no more coupons? In its latest email to customers, the department store chain's CEO Ron Johnson not only offered an update on the recent changes at the chain, but also dangled an incentive to come back: $10 off customers' next purchase.

  • BP has received US crude oil export permit - source Thursday, 11 Oct 2012 | 5:40 PM ET

    HOUSTON, Oct 11- BP Plc received a crude export license this summer from the Bureau of Industry and Security, a branch of the US Commerce Department, a source familiar with the issue said on Thursday.

  • No bail for man accused in Russian technology sale Thursday, 11 Oct 2012 | 5:39 PM ET

    Magistrate George Hanks Jr. in Houston ordered Alexander Fishenko and two other defendants to federal custody in Brooklyn, N.Y., where they face numerous charges. Fishenko, owner of Houston- based Arc Electronics Inc., and seven of his employees were arrested last week. Another man arrested in Houston, Shavkat Abdullaev, waived the bail request.

  • United Airlines' airfare increase loses altitude Thursday, 11 Oct 2012 | 4:51 PM ET

    Delta Air Lines said Thursday that it rolled back an increase of $4 to $10 per round trip on many U.S. routes. Delta had raised prices to match an increase started by United Airlines. J.P. Morgan analyst Jamie Baker says the increase is unraveling because it gained only limited support from a few other carriers _ American, Alaska and US Airways.

  • "We have applied to the Department of Commerce to export domestic U.S. crude oil," Shell spokeswoman Kayla Macke told Reuters, adding that as a global commodity, imports and exports would follow supply and demand.

  • ,operator of the largest independent fleet of for-hire oil trucks in the United States, said on Thursday it has agreed to buy OMNI Energy Services Inc for $445 million to boost the size of its U.S. oilfield production and environmental services business.

  • Ron Paul Won't Endorse Romney, Cites More of Same Thursday, 11 Oct 2012 | 4:16 PM ET
    Ron Paul

    Texas Republican congressman Ron Paul pointedly refused to endorse his party’s presidential contender, Mitt Romney, arguing that neither he nor President Barack Obama would make necessary cuts to public spending that would avert a fiscal catastrophe.

  • American Airlines stumbles on path to recovery Thursday, 11 Oct 2012 | 3:57 PM ET

    DALLAS-- Just weeks ago, American Airlines was working its way through bankruptcy court, on schedule for one of the fastest turnarounds in aviation history. Then seemingly overnight, American became the butt of jokes from Facebook to late-night TV. "American Airlines has a new slogan," Jay Leno joked on NBC's "The Tonight Show."

  • Homes Where Music History Was Made Thursday, 11 Oct 2012 | 3:49 PM ET

    These residences includes places where famous bands were formed, beloved songs or entire albums were written.

  • *Wal-Mart lines up 6 major health centers for procedures. *Wal-Mart has covered transplants since 1996 By Jessica Wohl.

  • 'Nashville' is music to ears of country record label Thursday, 11 Oct 2012 | 3:46 PM ET

    *Independent label launched 2005, with Taylor Swift. "Nashville," seen by some nine million U.S. viewers on its Wednesday night debut, shows veteran country singer Rayna Jaymes face off against young starlet rival Juliette Barnes as she struggles to keep her career together.

  • TEXT-S&P raises Rent-A-Center to 'BB+' Thursday, 11 Oct 2012 | 2:54 PM ET

    --North American rent-to-own retailer Rent-A-Center has demonstrated the willingness and ability to maintain credit ratios within levels indicative of an "intermediate" financial risk profile.

  • Noble Energy rolls the dice on Nevada oil Thursday, 11 Oct 2012 | 1:25 PM ET

    *Targets areas of Nevada where little drilling seen so far. *Noble has 350,000 Nevada acres. Oct 11- Noble Energy said on Thursday it plans to explore for crude oil in areas of Nevada that have seen little drilling, as the U.S. exploration and production company starts to assess its longer-term prospects.

  • Vice President Joe Biden to deliver a feisty performance Thursday evening during a high-stakes debate against Republican challenger Paul Ryan and seize back momentum in the race for the White House.